Google Cloud Announces Plans to Launch Its Own Cryptocurrency Network: But There’s Significant Criticism

Google Cloud has announced Google Cloud Universal Ledger (GCUL) a new Layer-1 (L1) blockchain platform that aims to simplify global payments and asset ￰0￱ simplifies the management of commercial bank money enabling transfers via distributed ledger ￰1￱ platform is currently in a private testnet phase and the company launched a pilot project for tokenized assets with CME earlier this ￰2￱ Rich Widmann

Google Cloud’s head of Web3 strategy stated that GCUL is a Layer 1 blockchain some in the community have expressed the view that the structure is not fully decentralized and permissionless but more like a consortium ￰3￱ News: New Altcoin Linked to Donald Trump

WLFI to Hit the Market Soon: Here Are the Latest Details and What You Need to Know The company argued that instead of reinventing money infrastructure should be redesigned: “The path to a global 24/7

multi-currency and programmable payments system isn't about reinventing money but about reimagining the ￰4￱ will enable the next generation of payments while preserving the stability and regulatory clarity advantages of the current financial system.” *This is not investment ￰5￱ Reading: Google Cloud Announces Plans to Launch Its Own Cryptocurrency Network: But There’s Significant Criticism